Universal credit and savings/capital

MissMoneypenny

saving-mad wrote: »

I fully understand that the system has been kind to us, mainly as we have a disabled child,

Having over the 16k capital for means testing benefits, will not affect the DLA benefits you claim for your child.

keigcf

saving-mad wrote: »

We are in a similar position to the OP but we put our savings into a house as we have to live in this tied house with my husbands job, we temporally run the other house as a holiday cottage.
That is our security net as if anything happens with his job we have to move out.
Tax credits say the other house although run as a business is an asset and would need to basically be sold for us to live off the money.
Ok short term this is an option but long term they are going to make us live in rented accommodation all our lives, probably paying our rent for us when our money runs out.
We are lucky in that we don't drink, smoke, go out, have holidays or many electric gadgets, we have relatively low outgoings because of this and will do our best to get buy without selling our home to be. But I don't see how they can make us sell a business to live off the proceeds, what if i was a joiner for instance would they make me sell the lathe to live off?
I also think both our children will have left education before the new system comes in so we will not be entitled to much anyway.

The big difference I see, you don't own the house you live in either. It seems Ok if you live in a big house you will be ok under universal credits, but if you live somewhere because of a job, and put some money into another property/land your stuffed. But really it is no different, the equity in the house should be considered to be fair to all. It also makes you think, do timeshares, caravans or as mentioned somewhere motorhomes count as "savings" because they are all not needed.:o